Genstar-backed Telestream acquired and merged with Tektronix Video.

Genstar Capital-backed Telestream, a leading provider of digital media tools and workflow solutions, acquired and merged with Tektronix Video, a global leader in video test, monitoring and quality assurance solutions. Financial terms were not disclosed. "Our investment thesis will continue to view Telestream as a growth-oriented platform company for consolidation of innovative software companies in the video technology ecosystem," commented Eli Weiss, Managing Director at Genstar Capital. "Our partnership with Fortive will give us even more capacity to pursue further consolidation in the future."